NEW YORK (

TheStreet

) -- The ex-dividend date for

Illinois Tool Works Inc

(NYSE:

ITW

) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $45.40 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for Illinois Tool Works has been 4.9 million shares per day over the past 30 days. Illinois Tool Works has a market cap of $21 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are down 17.5% year to date as of the close of trading on Monday.

Illinois Tool Works Inc. manufactures a range of industrial products and equipment worldwide. The company has a P/E ratio of 11.3, above the average industrial industry P/E ratio of 11.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Illinois Tool Works as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Illinois Tool Works Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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